There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I opened escrow at 8am and had updated and ready to go title report back by 11:30 am same day..

You know have 12 FinCen reports to file.Who is Excluded?

There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.

Start by reviewing the assessment report for errors, such as incorrect square footage or outdated property features.

Thanks in advance,Alex

You can even learn a lot from leads that don't book with you, if you build report and ask the prospect worthwhile questions.

Have you found them to be genuinely helpful in advancing your real estate goals?

Thanks in advance for any advice. 

I’d also appreciate any general advice on renting out a property.Thank you so much in advance for your help!